If you are considering filing for bankruptcy in Washington State, you will not be alone. The Seattle area is bucking the national trend in which bankruptcy filings are on the decline.. According to the statistics on hand with the Western District of washington bankruptcy court, bankruptcy filings seems to be on the rise in 2011 when compared to the number of filing in 2010.
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Farm bankruptcies are on the rise across. Eighty-four farms filed for Chapter 12 bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana in the 12 months that ended in June.
Eighty-four farms filed for Chapter 12 bankruptcy in Wisconsin, Minnesota, North Dakota, South Dakota and Montana in the 12 months that.
(WIVB)- Barneys New York, an icon of luxury retail, has filed for bankruptcy. The retailer said it will focus. three fires.
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Bankruptcy filings are on the rise as Americans pile up more debt. The latest ABI data pegs household debt near $14 trillion, which is $1 trillion more than the 2008 Great Recession peak.
Bankruptcy filings surged 14% during the first half of 2010, according to the American Bankruptcy Institute. Filings totaled 770,117 through June, compared to 675,351 during the same period last year.
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That is on top of pressure from online retailers that have emerged with the rise of Amazon.com Inc (AMZN.O. Reuters.
However, farm bankruptcy filings increased 45 percent in the seven-state region of Nebraska, North and South Dakota, Minnesota, Iowa,
Why are bankruptcy filings on the rise? Some people do everything right and still have to seek protection in the bankruptcy laws. But the biggest factor that has lead to filing bankruptcy is the easy availability of credit.
Filing for Chapter 13 bankruptcy may allow you the opportunity to pay off your debts over time, based on how much you are able to afford each month. If your only income is Social Security and you do not own a home or a car, you may not need to file for bankruptcy because the payments you receive cannot be touched by your creditors.
Let’s review the bad news. Story number one is headlined, “Bankruptcy filings rise across the country and it could get worse.